USD Trading Outlook (12-03-2014)

The Australian Dollar (AUD): The pair hit daily high of 0.9050 before Europe sold off the rally to 0.9015-25. Copper broke below $3.00 which increased market concerns that China’s corporate credit issues would be worsening. 0.90 broke and AUD hit to a low of 0.8965, little bounce was seen. Westpac consumer sentiment is due today at 23:30GMT, a weak data could lead AUD to test support of 0.8930.

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